Originally posted by Hitchhiker's Guide To...View Post
Well anyone who's lived through the last bubble is likely to be scarred by it. Same with asking people how likely do you think a terrorist attack is right after their city has a terrorist attack. There's absolutely nothing wrong with prices at the moment by any objective measure. Now there might be in a few years, but that's then. Doesn't mean anyone should rush to buy, but if they did buy they wouldn't be making a financial mistake.
It is a common mistake, confusing strongly appreciating prices with bubble conditions.
The way to counter is to say "so, if we're in a bubble, and prices fell by 25%....what would happen?"
"We are not Europeans. Those people on the continent are freaks."
Originally posted by Hitchhiker's Guide To...View Post
Well anyone who's lived through the last bubble is likely to be scarred by it. Same with asking people how likely do you think a terrorist attack is right after their city has a terrorist attack. There's absolutely nothing wrong with prices at the moment by any objective measure. Now there might be in a few years, but that's then. Doesn't mean anyone should rush to buy, but if they did buy they wouldn't be making a financial mistake.
So time is of the essence yet we shouldn't rush, but if we do, we won't be making a mistake
I just felt the prospect of negative equity should be brought into the discussion.
Mellor suggested there's no reason to be tied to a place for life. Life is short and NE can tie you down for a good part of it. It can a massive overall bummer to boot, particularly on a young family.
Happiness is not a goal; it is a by-product. ~Eleanor Roosevelt
@Laz - How are things at home with the little bubs? The older one adjusting well too?
Going really well Dom, cheers. Had some feeding trouble at the start. She was born with a tongue tie (same as the eldest) which makes breastfeeding really difficult but we got it fixed early. Time is of the essence, if they don't feed from the breast for a period of time the production falls away and you've no choice but to switch to formula. Thankfully we fixed it in time and she's guzzling away now. My missus is delighted with that. Didn't get it done in time with the first and had to switch to formula.
The eldest is great with her, not a bit jealous thankfully. She is acting a little weird now and again but all stuff that seems to be totally normal and expected.
How's the lil man?
I hold silver in tit for tat, and I love you for that
Originally posted by Hitchhiker's Guide To...View Post
There's absolutely nothing wrong with prices at the moment by any objective measure. Now there might be in a few years, but that's then. Doesn't mean anyone should rush to buy, but if they did buy they wouldn't be making a financial mistake.
This all sounds like advice so called experts were spouting at the last bubble. Just one example of what could happen is, you buy now quantitative easing ends and interest rates increase vastly causing a fall in asset prices everywhere including property. You can no longer afford your mortgage repayments like a vast swath of society banks get into problems etc etc. This couple with a giant fall in the stock market and you can see the issues it could cause.
Prices will go up forever then will never fall back etc etc
Originally posted by Hitchhiker's Guide To...View Post
Keane you madman, your putting 15% of your salary into your own employer's stock each month? Say it isn't so.
Just out of curiosity, are you against putting any money into your employers stock or just not 15%?
I currently put 5% of my salary into my employers stock scheme. At the end of each financial year, all money I put in is used to buy stock at a 25% reduction from the lowest price it was all year.
So for example, share price fluctuates from $100 - $120 within the financial year. I get shares at $75 that are worth and I can sell at $120.
Obviously I have to pay tax on the gains but this seems like a win win situation to me unless I am missing something really obvious?
Just out of curiosity, are you against putting any money into your employers stock or just not 15%?
I currently put 5% of my salary into my employers stock scheme. At the end of each financial year, all money I put in is used to buy stock at a 25% reduction from the lowest price it was all year.
So for example, share price fluctuates from $100 - $120 within the financial year. I get shares at $75 that are worth and I can sell at $120.
Obviously I have to pay tax on the gains but this seems like a win win situation to me unless I am missing something really obvious?
Your increasing your exposure if your employer went bust or something - not only would you lose your job but also unnecessarily lose savings. If you're getting favourable terms that's one thing but all else being equal I assume you should be investing in things unrelated to your employer (i.e. different industries)
Your increasing your exposure if your employer went bust or something - not only would you lose your job but also unnecessarily lose savings. If you're getting favourable terms that's one thing but all else being equal I assume you should be investing in things unrelated to your employer (i.e. different industries)
I get that point and without wanting to BBV the job, the chances of the company going bust are extremely remote. They are very financially secure plus I'd have a better insite into if things were going pear shaped and be able to bail than I would as a small time investor in a random company
I have always zoned out when watching the original Bladerunner. I am generally a fan of good Sci-Fi but I it seems I have switched off when watching it as I am pretty sure I have seen the start 4/5 times but couldn't tell you much more if anything about what happens. Must try give it another watch as will probably give the new one a spin in the cinema.
Opr
That's really common for that film, I was the same and now it's probably drawing with battle royale as my favourite film. I don't think people expect a slow noir dystopian flick that makes you ask existential questions when they watch a film, let alone one called blade runner.
It's a common theme that people seem to watch this more and like it better each time. Same with it's release, it went from unappreciated to cult classic to classic over the years.
Back from the new one and I'm sure people will have the same reaction, however I never see films twice in the cinema and I'm going back to Imax for this one, loved it.
That's really common for that film, I was the same and now it's probably drawing with battle royale as my favourite film. I don't think people expect a slow noir dystopian flick that makes you ask existential questions when they watch a film, let alone one called blade runner.
It's a common theme that people seem to watch this more and like it better each time. Same with it's release, it went from unappreciated to cult classic to classic over the years.
Back from the new one and I'm sure people will have the same reaction, however I never see films twice in the cinema and I'm going back to Imax for this one, loved it.
Would you have to have watched the original to appreciate new one.if so assume directors cut is way to go?
It's bad from a risk prospective. You've your job and your savings all tied to the success of one company.
If there's good incentives, it's not a big amount, and you're not locked into the shares, it's probably grand. Just don't end up like some of the old Anglo workers with their investments and jobs gone in one go.
Would you have to have watched the original to appreciate new one.if so assume directors cut is way to go?
I'd say you should as all the throwbacks won't make sense but it's not necessary. I'd certainly recommend it to see so you like that kind of film. A lot of People will come out from this not too impressed as it's long and slow. Yeah definitely the directors cut from 2007.
Nope, humans don't really work like that anymore. At least not any of the humans that I've ever encountered, and that's a substantial sample size.
Not all humans obvious. But I dont believe none of the hundreds of people you know gave that logic.
Do you know anyone who isn't having kids? Ever see them mention that decision other people, and be met be confusion, "but why" type questions? It's increasingly common, but it's not something that people simply look past yet.
Just out of curiosity, are you against putting any money into your employers stock or just not 15%?
I currently put 5% of my salary into my employers stock scheme. At the end of each financial year, all money I put in is used to buy stock at a 25% reduction from the lowest price it was all year.
Is the a min term that you have to hold the stock for before selling?
Going really well Dom, cheers. Had some feeding trouble at the start. She was born with a tongue tie (same as the eldest) which makes breastfeeding really difficult but we got it fixed early. Time is of the essence, if they don't feed from the breast for a period of time the production falls away and you've no choice but to switch to formula. Thankfully we fixed it in time and she's guzzling away now. My missus is delighted with that. Didn't get it done in time with the first and had to switch to formula.
The eldest is great with her, not a bit jealous thankfully. She is acting a little weird now and again but all stuff that seems to be totally normal and expected.
How's the lil man?
Good to hear. He's grand thankfully, nearly 10 weeks now. He had no problems breastfeeding, but my wife did, so after a hard first week we switched to formula ourselves with no problems after that.
Getting big smiles every time after work nearly makes it worth going to work. Nearly, that is.
Getting bigger now too, nearly twice his birth weight.
I get that point and without wanting to BBV the job, the chances of the company going bust are extremely remote. They are very financially secure plus I'd have a better insite into if things were going pear shaped and be able to bail than I would as a small time investor in a random company
An absolute classic misconception! I hear this from CEOs and CFOs regularly. You haven't a clue how the market views or might change its views on your industry or your company and when it happens you'll be too busy drinking the Koolaid and fighting the tide that your savings will be the last thing on your mind.
Take the discount and bag the savings and then diversify. Discipline and patience and remember it's a long term game.
‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan
My 2nd is one today. Walking two months. Childcare is a burden but it's mentally written off as rent for a fuller life. I'm broke but would probably be consumed by dopamine if I didn't have these lads , now I'm consumed by them.
It's a fair trade in my view. Money is overrated and I've lots of box sets to watch in the nursing home when I'm older and greyer
An absolute classic misconception! I hear this from CEOs and CFOs regularly. You haven't a clue how the market views or might change its views on your industry or your company and when it happens you'll be too busy drinking the Koolaid and fighting the tide that your savings will be the last thing on your mind.
Take the discount and bag the savings and then diversify. Discipline and patience and remember it's a long term game.
Going really well Dom, cheers. Had some feeding trouble at the start. She was born with a tongue tie (same as the eldest) which makes breastfeeding really difficult but we got it fixed early. Time is of the essence, if they don't feed from the breast for a period of time the production falls away and you've no choice but to switch to formula. Thankfully we fixed it in time and she's guzzling away now. My missus is delighted with that. Didn't get it done in time with the first and had to switch to formula.
The eldest is great with her, not a bit jealous thankfully. She is acting a little weird now and again but all stuff that seems to be totally normal and expected.
Good to hear. He's grand thankfully, nearly 10 weeks now. He had no problems breastfeeding, but my wife did, so after a hard first week we switched to formula ourselves with no problems after that.
Getting big smiles every time after work nearly makes it worth going to work. Nearly, that is.
Getting bigger now too, nearly twice his birth weight.
Great stuff lads. IrishParentBoards ftw.
We had a 2nd birthday party for little MissV recently in our new(ish) home. Quite the sense of pride and accomplishment I must say. You can have all the money you like but having a happy and healthy kid and making sure your family is cared for and in a good place beats it all. The rest is just window dressing really.
‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan
Lol! I've had 3 memorable occasions that I've given the same advice and it went unheeded. 3 different industries and 3 separate times/circumstances over the past 15 years.
It's a bit like seeing the other side of life assurance. In my game death at a young age and its consequences are regular events and you wouldn't dream of being without life cover and yet when I talk to Joe Public with a wife and kids you need to spell it out in very stark terms to get them to even consider it. Seeing the same mistakes repeated day in and day out is a great teacher.
‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan
Those cute little one year olds will somebody call you a 'fuckhead' (had our 8 y/o try that one out for size lately)
Thought For The Day
I am a fuckhead so expect the sooner than you got it. I already get puked on so being called a fuckhead is not so bad. Be a bit disappointed if my putdowns are not creative though. High hope for the 1st kid in that regard
I am a fuckhead so expect the sooner than you got it. I already get puked on so being called a fuckhead is not so bad. Be a bit disappointed if my putdowns are not creative though. High hope for the 1st kid in that regard
When do you think you'll achieve life balance between being puked on and having yourself been the puker?
Thought For The Day 2.
"We are not Europeans. Those people on the continent are freaks."
Re kids. Arrived back from 10 days in the south of France yesterday. Quite the experience doing it with a nearly 3 yr old and a 5 month old. The amount of bags along with car seats, buggy etc made the airport bit rather funny.
Great holiday tho, but back to driving over next year me thinks.
Those cute little one year olds will somebody call you a 'fuckhead' (had our 8 y/o try that one out for size lately)
Thought For The Day
I'm just imagining me trying that on my Dad back when I was 8. I'd have been lucky to survive the beating. This no corporal punishment craic has a lot to answer for!
‘IF YOU had not committed great sins, God would not have sent a punishment like me upon you.” Genghis Khan
I'm just imagining me trying that on my Dad back when I was 8. I'd have been lucky to survive the beating. This no corporal punishment craic has a lot to answer for!
If the social worker of the house hadn't been in attendance, he'd have got a swift boot up the hole!
"We are not Europeans. Those people on the continent are freaks."
Video Descriptions1: Mountain road driving in light rain. Decent lane keeping.2: Mountain road driving in light rain continued. Decent lane keeping but heavy...
They only recently managed to figure out automatic emergency breaking
My 2nd is one today. Walking two months. Childcare is a burden but it's mentally written off as rent for a fuller life. I'm broke but would probably be consumed by dopamine if I didn't have these lads , now I'm consumed by them.
It's a fair trade in my view. Money is overrated and I've lots of box sets to watch in the nursing home when I'm older and greyer
1 year completed minding the two since herself went back to work. Salary dropped €30k but cant complain and at least i get to have a two hour siesta mid-morning every day should i choose
Originally posted by Hitchhiker's Guide To...View Post
I tend to bring out the DNA big guns in this situation. "Yes, RDIII Jr you got me I am a fuckhead and you as my son are therefore fuckhead boy, because thats just how nature works." Follow that up with a nice relaxing evening addressing him as fuckhead boy as frequently as possible and the future use of the term tends to be quite muted. Now due to my eldest being only six I've only had the occassion to explain the poopoohead to poopoohead girl transmission, but am almost certain it works with fuckhead too.
Poopoohead is definitely a gateway drug to hardcore fuckhead usage
"We are not Europeans. Those people on the continent are freaks."
After an 8 month wait, finally time to eat in Herron & Grey tonight. Like a kid at Christmas. Problem with an 8 month wait is that my expectations are sky high.
Thank God they didn't lose their star on Monday.
The sport that unites Catholic, Protestant and dissenter has had its day of days. Pity anybody who can't enjoy it. Some day. Gerry Thornley 23/3/09
Originally posted by Hitchhiker's Guide To...View Post
And on a related note, what would you regularly read to get a bit of oversight of market trends? Zerohedge, I presume as you've quoted from there a few times. Anything else?
An absolute classic misconception! I hear this from CEOs and CFOs regularly. You haven't a clue how the market views or might change its views on your industry or your company and when it happens you'll be too busy drinking the Koolaid and fighting the tide that your savings will be the last thing on your mind.
Take the discount and bag the savings and then diversify. Discipline and patience and remember it's a long term game.
Originally posted by Gimmeabreak
I know V4V has already covered this, but I left AIB in August 2007 amid much discussion from my colleagues as to how well all the money they had pumped into AIB shares was looking.
Both good points - I would argue that where I am now is very different from the AIB situation but the point still holds merit.
I should have said, I never let my holding exceed more than $15K, eveything above that is sold and I cash out the profit from the dicount given - I'm happy with that level of exposure in a company that I feel is very stable/secure
No, it takes a few weeks to process and come into my share A/c but once there I can sell straight away
This is just a six month stock purchase program right? You pay in and once every six months they use what you've contributed to buy shares at a discount for you? That's just a savings account with added free money and almost no risk, so long as you do the quicksale and get the money back immediately-ish.
Only potential downside here is if the stock would happen to tank in the 24 hours or so you have to hold before you can dump it. Or something that happened here this time around was that however they handle the currency swongs our gain ended up being cancelled out but I guess that can go the other way too.
Only thing is the price tends to dip around quicksale time I guess because people are expecting a flood of shares to be sold.
After an 8 month wait, finally time to eat in Herron & Grey tonight. Like a kid at Christmas. Problem with an 8 month wait is that my expectations are sky high.
Thank God they didn't lose their star on Monday.
Actually booked into the place in Lisdoonvarna when their new Star was announced, heading out there for two nights next weekend. Think they close up till March at the end of the month so thought it might be an idea to get in there before the inevitable price jumps next year.
I know V4V has already covered this, but I left AIB in August 2007 amid much discussion from my colleagues as to how well all the money they had pumped into AIB shares was looking.
When I was in RBS, I always took bonuses as cash. Lot took them as shares, which if they sold at maturity at the guaranteed price was a good idea, but most reinvested. I knew people that had 250k or more, and not far from retirement when shares were at nearly £10. After a fairly quick collapse to 10p they weren't too happy with their decisions. A story repeated in many companies then I'd imagine, especially financial ones.
Having to use it numerous times this morning with co-workers. Trying to convince them that our Euromillions syndicate should not opt for lotto plus is greying my hair.
I hold silver in tit for tat, and I love you for that
In the middle of the toughest week in my coaching so far. 3 games in 7 days. Two against fully pro teams and discovering rapidly who is mentally weak on the team. On monday I had 4 starters pull out of tuesdays game for nonsense reasons. Ended up getting smashed 43-19, we play the german national team tomorrow and had another guy drop out, another huge challenge.
Have been really stressed and drained with all the struggles and challenges to overcome. Got home last night and training wasn't good either. Then I got a call from my wife who is in america expecting more shit piled on.
SPOILER
Turned out it was a facetime call from my almost 3 grandaughter.
she wanted to first breath fire on me and then show me her magic blue sparkle beard and for me to make my beard blue. It's the little things in life that can bring so much joy, however im very glad i skipped over the whole having kids part and went straight to grandkids where all I get to do is the fun stuff.
Having to use it numerous times this morning with co-workers. Trying to convince them that our Euromillions syndicate should not opt for lotto plus is greying my hair.
No plus for our work one either. Planning in my head what to do with money. Haven’t decided whether to tell the wife or not yet.
My 5 year old has started using stupidhead. Now the nearly 2 year old has started saying it
His rival it seems, had broken his dreams,By stealing the girl of his fancy.Her name was Magill, and she called herself Lil,But everyone knew her as Nancy.
Actually booked into the place in Lisdoonvarna when their new Star was announced, heading out there for two nights next weekend. Think they close up till March at the end of the month so thought it might be an idea to get in there before the inevitable price jumps next year.
It's superb, I've eaten there plenty over the years. Enjoy!
Have similar scheme to Lao Lao which are both no brainers as far as I can see
1 rolling 6 month one where you buy at a 15% discount at whatever is lower price at start or finish and can flog straight away
Another yearly where you can put up to 10% annual salary into shares which you can’t touch for 3 years.comes out of pre income tax income so would have to drop at least 40% before you are losing out.used to not have to pay peso or usc on it which was even better
I get that point and without wanting to BBV the job, the chances of the company going bust are extremely remote. They are very financially secure plus I'd have a better insite into if things were going pear shaped and be able to bail than I would as a small time investor in a random company
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